Ceylon Cold Stores Balance Sheet Health
Financial Health criteria checks 2/6
Ceylon Cold Stores has a total shareholder equity of LKR20.5B and total debt of LKR16.8B, which brings its debt-to-equity ratio to 82.3%. Its total assets and total liabilities are LKR73.7B and LKR53.3B respectively. Ceylon Cold Stores's EBIT is LKR8.2B making its interest coverage ratio 2.5. It has cash and short-term investments of LKR2.3B.
Key information
82.3%
Debt to equity ratio
LK₨16.84b
Debt
Interest coverage ratio | 2.5x |
Cash | LK₨2.27b |
Equity | LK₨20.45b |
Total liabilities | LK₨53.29b |
Total assets | LK₨73.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CCS.N0000's short term assets (LKR23.4B) do not cover its short term liabilities (LKR35.4B).
Long Term Liabilities: CCS.N0000's short term assets (LKR23.4B) exceed its long term liabilities (LKR17.9B).
Debt to Equity History and Analysis
Debt Level: CCS.N0000's net debt to equity ratio (71.2%) is considered high.
Reducing Debt: CCS.N0000's debt to equity ratio has increased from 71.6% to 82.3% over the past 5 years.
Debt Coverage: CCS.N0000's debt is well covered by operating cash flow (82.9%).
Interest Coverage: CCS.N0000's interest payments on its debt are not well covered by EBIT (2.5x coverage).